Tuesday, January 21, 2014

FINANCIAL TERRORISM

The world is on the brink of experiencing a financial Armageddon.

Both the Pope and some still sane world leaders have warned us of the consequences if we allow a small group to continue exploiting this planet and it's people for nothing more than personal gratification. What is more disturbing is the way the majority of Americans remain either submissive or passive about it with seemingly little concern about the legacy they are leaving to their children and future generations.

The middle class which was once the backbone of this country and what it stood for is quickly disappearing and Americans will soon be unable to rescue what will be only remnants of a once great nation.

The world's richest 85 people own as much as the world's poorest 3.5 billion people, global development organization Oxfam said Monday.

"Wealthy elites have co-opted political power to rig the rules of the economic game, undermining democracy and creating a world where the 85 richest people own the wealth of half of the world's population," an Oxfam study entitled "Working for the Few" stated.

The group stated that some economic inequality is "essential to drive growth and progress, rewarding those with talent, hard-earned skills, and ambition to innovate and take entrepreneurial risks. However, the extreme level of wealth concentration occurring today threatens to exclude hundreds of millions of people from realizing the benefits of their talents and hard work."

This form of financial terrorism is much more destructive to our way of life than all other terrorist forces combined. This is a war we can not afford to lose.